Asian Shares: China Shares Teeter on Losses

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Chao Deng China's shares flitted between positive and negative territory Wednesday as officials stepped up efforts to calm markets, while other Asian shares recovered from recent losses with focus shifting to corporate earnings and the Federal Reserve's monetary-policy meeting. ...

Citrix Systems CEO to Retire

TODAY: July 30, 2015 PUB DATE: July 29, 2015

Citrix Systems Inc. announced the retirement of its long time chief executive, Mark Templeton, and the workplace-software company announced plans to appoint Jesse Cohn of Elliott Management Corp. to its board of directors. The news comes as the company reported ...

ASIA MARKETS: Chinese Stocks Close Higher, Halting 3-day Skid

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Chao Deng Gains baffle many analysts, who suspect government intervention China's shares ended higher Wednesday, with sharp gains in the last half-hour of trading, as officials stepped up efforts to calm markets. The Shanghai Composite gained 3.4%, ending at ...

Asian Shares: China Shares Break Three-Day Losing Streak

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Chao Deng China's shares ended higher Wednesday as officials stepped up efforts to calm markets, while other Asian shares were roughly flat, with focus shifting to corporate earnings and the Federal Reserve's monetary-policy meeting. The Shanghai Composite gained 3.4%, ...

Global Markets Build on Gains -- 2nd Update

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Josie Cox Global stock markets edged higher Wednesday tracking a slight rebound in Chinese equities, but trading volumes were expected to remain thin and investors cautious ahead of a policy statement from the U.S. Federal Reserve. The Stoxx Europe ...

European Stocks Build on Gains

TODAY: July 30, 2015 PUB DATE: July 29, 2015

European stocks rose Wednesday, cheered by a further stabilization in Chinese equity markets, but trading volumes were expected to remain thin and investors cautious ahead of a policy statement from the U.S. Federal Reserve later in the day. The Stoxx ...

Solvay to Buy Cytec Industries for $5.5 Billion

TODAY: July 30, 2015 PUB DATE: July 29, 2015

BRUSSELS?Belgium-based chemicals company Solvay SA on Wednesday said it is buying U.S. counterpart Cytec Industries Inc. for $5.5 billion to boost its product offering. Solvay said it would pay $75.25 a share for Cytec and finance the deal by raising ...

U.K. Mortgage Lending Hits Seven-Year High

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Jason Douglas and Jon Sindreu LONDON--Lending to U.K. homebuyers increased in June by the largest amount in seven years and new mortgage approvals rose, signs that activity in the housing market is picking up. Mortgage lending rose by 2.6 ...

GM to Introduce 10 New Vehicles in India --Update

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Santanu Choudhury NEW DELHI-- General Motors Co. will invest $1 billion in India as it recalibrates its efforts in Asia's third-largest economy by shutting down one factory while increasing production in another and focusing on new models. The Detroit ...

Bank of Russia Halts Forex Purchases

TODAY: July 30, 2015 PUB DATE: July 29, 2015

MOSCOW?The Bank of Russia said Wednesday it had suspended daily purchases of U.S. dollars for its reserves since Tuesday as the ruble dropped to four-month lows, threatening to spur already stubbornly high inflation. The fresh ruble weakness, mostly driven by ...

U.S. Stock Futures, Global Markets Slightly Higher Ahead of Fed

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Josie Cox And Saumya Vaishampayan Global stock markets rose slightly Wednesday, but investors remained cautious ahead of a policy statement from the Federal Reserve that could offer clues on the path of U.S. interest rates. The slight gains in ...

SSE to Buy Stake in 4 North Sea Gas Fields -- Update

TODAY: July 30, 2015 PUB DATE: July 29, 2015

(Adds details of the deal from second paragraph.) By Alex MacDonald LONDON--U.K. utility SSE PLC (SSEZY) said Wednesday it has agreed with French oil and gas major Total SA (TOT) to buy a 20% stake in four gas fields in ...

Northrop Grumman Raises Guidance After Earnings Beat

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Lisa Beilfuss Defense contractor Northrop Grumman Corp. said second-quarter profit rose despite a sales drop, aided by a tax credit and reduced costs. The Virginia company further lifted its earnings forecast for the year, thanks partly to a lower ...

U.S. Pending Home Sales Slip in June

TODAY: July 30, 2015 PUB DATE: July 29, 2015

A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing. The National Association of Realtors said Wednesday its index of pending home sales fell by 1.8% to a ...

Bank of Russia Halts Foreign-Currency Purchases -- Update

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Andrey Ostroukh MOSCOW--Russia's central bank, whose credibility has been tested over the past year by runaway inflation and a volatile currency, is coming sharply into focus as it tries to tame inflation without sending the economy into deeper recession. ...

Lawmakers Unveil New Tax Plan on Intellectual Property

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By John D. McKinnon WASHINGTON--House Republicans' quest to overhaul the tax code took a step forward on Wednesday, as top members of the Ways and Means Committee rolled out a plan to stop the worrisome migration of U.S. intellectual property ...

GM to Introduce 10 New Vehicles in India -- 2nd Update

TODAY: July 30, 2015 PUB DATE: July 29, 2015

By Santanu Choudhury NEW DELHI-- General Motors Co. will invest $1 billion in India as it recalibrates its efforts in Asia's third-largest economy by shutting down one factory while increasing production in another and focusing on new models. The Detroit ...